Franklin Depreciation vs Capital Expenditures Analysis
FELE Stock | USD 103.99 1.10 1.05% |
Franklin Electric financial indicator trend analysis is much more than just examining Franklin Electric latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Franklin Electric is a good investment. Please check the relationship between Franklin Electric Depreciation and its Capital Expenditures accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Electric Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Depreciation vs Capital Expenditures
Depreciation vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Franklin Electric Depreciation account and Capital Expenditures. At this time, the significance of the direction appears to have weak relationship.
The correlation between Franklin Electric's Depreciation and Capital Expenditures is 0.34. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Franklin Electric Co, assuming nothing else is changed. The correlation between historical values of Franklin Electric's Depreciation and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Franklin Electric Co are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Depreciation i.e., Franklin Electric's Depreciation and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of Franklin Electric value has been used up. For tax purposes Franklin Electric can deduct the cost of the tangible assets it purchases as business expenses. However, Franklin Electric Co must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Capital Expenditures
Capital Expenditures are funds used by Franklin Electric to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Franklin Electric operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most indicators from Franklin Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Franklin Electric current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Electric Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. The current year's Enterprise Value is expected to grow to about 3 B, whereas Selling General Administrative is forecasted to decline to about 412.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 576.1M | 691.4M | 697.0M | 731.9M | Total Revenue | 1.7B | 2.0B | 2.1B | 2.2B |
Franklin Electric fundamental ratios Correlations
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Franklin Electric Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Franklin Electric fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.2B | 1.3B | 1.6B | 1.7B | 1.7B | 1.8B | |
Short Long Term Debt Total | 142.6M | 126.5M | 236.8M | 264.8M | 156.3M | 111.0M | |
Other Current Liab | 71.5M | 89.0M | 115.4M | 120.6M | 100.2M | 105.3M | |
Total Current Liabilities | 185.8M | 203.7M | 396.0M | 405.8M | 287.0M | 301.4M | |
Total Stockholder Equity | 798.7M | 847.8M | 946.5M | 1.1B | 1.2B | 1.3B | |
Property Plant And Equipment Net | 228.9M | 241.0M | 259.0M | 264.1M | 286.8M | 301.1M | |
Net Debt | 78.2M | (4.3M) | 196.2M | 219.1M | 71.3M | 51.4M | |
Retained Earnings | 712.5M | 764.6M | 859.8M | 969.3M | 1.1B | 1.1B | |
Accounts Payable | 82.6M | 95.9M | 164.8M | 139.3M | 152.4M | 160.0M | |
Cash | 64.4M | 130.8M | 40.5M | 45.8M | 85.0M | 61.0M | |
Non Current Assets Total | 627.3M | 653.1M | 850.5M | 836.1M | 874.3M | 918.0M | |
Non Currrent Assets Other | 2.0M | 2.7M | 4.5M | 5.9M | 6.4M | 9.5M | |
Cash And Short Term Investments | 64.4M | 130.8M | 40.5M | 45.8M | 85.0M | 62.5M | |
Net Receivables | 173.3M | 159.8M | 196.2M | 230.4M | 222.4M | 233.5M | |
Common Stock Shares Outstanding | 47M | 47.1M | 46.8M | 46.7M | 46.9M | 38.5M | |
Liabilities And Stockholders Equity | 1.2B | 1.3B | 1.6B | 1.7B | 1.7B | 1.8B | |
Non Current Liabilities Total | 210.3M | 218.7M | 230.5M | 217.6M | 230.8M | 152.5M | |
Inventory | 300.2M | 300.9M | 450.0M | 545.0M | 508.7M | 534.1M | |
Other Current Assets | 29.5M | 27.7M | 38.0M | 36.9M | 37.7M | 24.2M | |
Other Stockholder Equity | 271.8M | 283.4M | 310.6M | 325.4M | 344.7M | 362.0M | |
Total Liab | 396.1M | 422.4M | 626.5M | 623.4M | 517.8M | 281.4M | |
Property Plant And Equipment Gross | 228.9M | 241.0M | 210.7M | 215.2M | 657.0M | 689.9M | |
Total Current Assets | 567.4M | 619.3M | 724.6M | 858.1M | 853.8M | 896.5M | |
Accumulated Other Comprehensive Income | (190.2M) | (204.8M) | (228.6M) | (231.4M) | (221.1M) | (210.1M) | |
Short Term Debt | 31.7M | 13.6M | 113.3M | 142.7M | 29.7M | 24.2M | |
Other Liab | 99.6M | 106.1M | 107.0M | 95.5M | 109.9M | 77.3M | |
Other Assets | (48K) | 27K | 11.6M | 12.2M | 12.7M | 25.7K | |
Long Term Debt | 93.1M | 92.0M | 90.5M | 89.3M | 88.1M | 111.1M | |
Good Will | 398.4M | 412.1M | 591.5M | 572.0M | 342.4M | 281.2M | |
Intangible Assets | 131.1M | 133.8M | 249.7M | 231.3M | 230.0M | 123.1M | |
Property Plant Equipment | 201.3M | 209.0M | 259.0M | 215.2M | 247.4M | 171.7M | |
Net Tangible Assets | 814.1M | 868.5M | 357.2M | 1.1B | 1.3B | 719.2M | |
Noncontrolling Interest In Consolidated Entity | 2.1M | 2.1M | 2.2M | 2.3M | 2.6M | 2.1M | |
Retained Earnings Total Equity | 712.5M | 764.6M | 859.8M | 969.3M | 1.1B | 610.3M | |
Long Term Debt Total | 93.1M | 92.0M | 90.5M | 89.3M | 80.3M | 103.2M | |
Capital Surpluse | 269.7M | 283.4M | 310.6M | 325.4M | 374.2M | 257.4M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Franklin Electric is a strong investment it is important to analyze Franklin Electric's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Franklin Electric's future performance. For an informed investment choice regarding Franklin Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Electric Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Franklin Electric. If investors know Franklin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Franklin Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 0.975 | Earnings Share 3.96 | Revenue Per Share 43.688 | Quarterly Revenue Growth (0.01) |
The market value of Franklin Electric is measured differently than its book value, which is the value of Franklin that is recorded on the company's balance sheet. Investors also form their own opinion of Franklin Electric's value that differs from its market value or its book value, called intrinsic value, which is Franklin Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Franklin Electric's market value can be influenced by many factors that don't directly affect Franklin Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Franklin Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Franklin Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Franklin Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.